New Report From The College Board Examines the Racial Gap in Educational Attainment and Earnings

The latest report in the Education Pays series released every three years by The College Board offers a wealth of information on educational attainment, earnings and employment of college graduates, and other statistics on health, well-being, voting behavior, and a host of other socioeconomic factors broken down by educational level. Some of the data is broken down by racial and ethnic groups.

The report shows a major decrease in the racial gap for high school completions and for college enrollment rates of recent high school graduates. Yet, there remains a significant racial gap in college completion rates for young Blacks and Whites.

The report breaks down earnings by educational level and racial/ethnic groups. The data shows that as Blacks move up the educational ladder, the racial earnings gap tends to diminish for younger workers. White men ages 25 to 34 with a bachelor’s degree in 2015 had median earnings of $56,500. For similarly educated Black men in this age group, the median earnings figures was $48,500. For college-educated women in this age group, Whites held a $46,000 to $41,200 advantage over Black women.

The report shows that Blacks over the age of 25 with a bachelor’s degree or higher in 2015 were more likely to be in the labor force than Whites. While their unemployment rate of 4 percent was higher than the rate for similarly educated Whites, the percentage racial gap was less than was the case at lower educational levels.

The full report Education Pays 2016: The Benefits of Higher Education for Individuals and Society, may be downloaded by clicking here.

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